CEZ to release consolidated IAS and CAS Q1 2001 figures today

CEZ will release its consolidated IAS and CAS figures for the first quarter of 2001 on Wednesday. They represent important information as they should indicate how successful is the company’s effort to re-gain domestic market share and its impact on the bottom line. We forecast a 4% sales growth driven mainly by volume increase. Although EBITDA margin should rise (increased direct-cost efficiency), other profit margins will be depressed by rising depreciation.

CEZ, consolidated, IAS

CZK mil.	Q1 2001 E	Q1 2000	change
Sales	15,400	14,773	4,2%
EBITDA	7,238	6,619	9,3%
EBIT	4,312	4,456	-3,2%
Pretax income	4,466	4,484	-7,9%
Net income	3,234	3,826	-15,5%

(Jiří Soustružník)